SurvivingScouting.org

BSA Bankruptcy

Filed Feb 18th, 2020

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As stated in the
Boy Scouts bankruptcy plan.

February 18, 2024 will be
FOUR YEARS after the
BSA Bankruptcy was filed.

Read Our Letter to the BSA CEO

• There are 82,209 Child Sex Abuse Survivors that are Claimants.

• The Boy Scouts will pay less than 10% ($219 Million) of the $2.46 Billion bankruptcy plan. The rest will be paid by insurance companies and Councils.

• The Boy Scouts will pay more to their attorneys (>$300 Million) than to the Survivors ($219 Million).

On February 18, 2020 (the "Petition Date"), the national organization of the Boy Scouts of America (the “BSA”) and Delaware BSA, LLC (collectively, the “Debtors”) filed voluntary petitions for relief under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware to achieve two key objectives: equitably compensate victims who were harmed during their time in Scouting and continue to carry out Scouting's mission for years to come. No local councils or other entities are included as Debtors in these cases.

Boy Scouts Settlement Trust Contributions

Source Type Amount
Net Unrestricted Cash
and Investments
Cash $58.9 million
Warehouse and
Distribution Center
Real Property $11.6 million
Scouting University
(net sale proceeds)
Cash $1.9 million
Artwork Asset $59.0 million
Oil and Gas
Interests
Asset $7.6 million
BSA Settlement
Trust Note
Note Payable $80.0 million
Total Estimated BSA Settlement Trust Non-Insurance Contribution $219 million

Documents

BSA Bankruptcy Court Info

Case No.
20-10343
Court
District of Delaware
Judge
Hon. Laurie Selber Silverstein
Filed
Feb 18, 2020
Phone
866-907-2721
Bar Date
Nov 16, 2020